Alfred Gray

This week, investors' attention will be directed to the US Fed, which will decide on the further development of US monetary policy. On the old continent, the CPI index in the Eurozone or the PMI index in Germany will be reported. Among domestic indicators, the PPI index was reported on Monday morning.

Fed meeting

On Wednesday, the US Federal Reserve will meet to decide on the...
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US software firm Adobe $ADBE reports 3Q results, outlook is within analysts' expectations. However, investors were expecting a revenue increase in AI products.

Results

Subscription revenue increased 12% y-o-y to USD 4.63bn, against analyst estimates of USD 4.57bn.

Product revenue decreased 24% year-over-year to $96 million. Product sales were down USD 96 million, compared to the...
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Zara's owner, Inditex, beat expectations on Wednesday, boosting half-year net profit by 40% even as the world's biggest fast-fashion company slowed the pace of price increases.

Inditex has increased its lead over Swedish rival H&M this year thanks to faster delivery of fashion from nearby suppliers at prices that allow it to cope with inflationary pressures.

The company posted a...
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According to Morgan Stanley, there is a "recovery story" in the semiconductor market this year.

This is the memory sector, which includes DRAM, or dynamic random access memory - a type of semiconductor memory needed for data processing - and NAND, another type of memory that remains viable without a power source.

"The memory sector is going through a recovery cycle this year -...
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Apple has introduced a new generation of iPhones. The price remained the same as the last generation. Apple will also stop producing iPhones Pro Max with the lowest memory.

Here is a selection of analyst reactions:

Analysts at Morgan Stanley wrote that one-year estimates remain unchanged and China will continue to weigh on the company's stock in the short term, but there is...
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US software company Oracle $ORCL released its 1Q 2024 earnings results. Reported revenue was almost in line with expectations, but investors were not happy with cloud revenue growth. The stock is weakening by more than 10% in the pre-market.

Earnings

Revenue of $12.45 billion represented an 8.8% year-over-year increase. Excluding currency changes, this would be an 8% increase on...
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Apple $AAPL is widely expected to unveil a new iPhone at its "Wonderlust" event on Tuesday, and if history is any guide, there may be no better time to consider buying the stock.

According to Morgan Stanley analyst Erik Woodring, Apple stock tends to outperform six months after the iPhone launch, but it moves in line with the market during the one to three months following the...
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Instacart is reportedly seeking a valuation of less than $10 billion at IPO

The Wall Street Journal reported on Sunday that Instacart is looking to achieve a valuation of under $10 billion in its upcoming initial public offering, far less than the nearly $40 billion it was valued at a few years ago.

According to the newspaper, Instacart is seeking a valuation of roughly $8.6...
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US firearms maker Smith & Wesson $SWBI has released earnings results for the first quarter of fiscal year 2024.

Results

Adjusted operating profit was $8.27 million.
Adjusted EBITDA was $17.5 million and gross margin was 26.6%. The Company achieved an EBITDA profit of USD 15.7 million in the same period last year. USD.

Dividend

The Board of Directors approved a quarterly dividend...
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According to Morgan Stanley, this stock is a top pick in the clean energy market that could nearly double

According to Morgan Stanley, Bloom Energy Corp. $BE some promising opportunities.

The bank called this stock a top pick and reiterated its "overweight" recommendation on the stock. It also maintained a $29 price target, meaning the stock could jump 92% from where it closed on...
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The dollar held near a six-month high as nervousness about China and global growth affected risk appetite, while the yen strengthened as Japan's top diplomat sent a warning about the currency after it earlier fell to a 10-month low.

The yen strengthened as much as 0.4 percent to 147.02 per U.S. dollar after Japan's chief currency diplomat Masato Kanda said he wouldn't rule out...
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ARM HOLDINGS is gearing up for a spectacular initial public offering to test the market's interest in a major technology company. But its target valuation suggests it is resigned to not being the next Nvidia.

According to The Wall Street Journal, citing people familiar with the matter, British chipmaker Arm is seeking a valuation for its initial share offering on the Nasdaq...
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The dollar fell on Monday, when U.S. markets were closed for a holiday, as investors weighed U.S. jobs data that showed some signs of cooling, boosting bets that the Federal Reserve could be nearing the end of its monetary tightening cycle.

Against a basket of currencies, the dollar fell 0.1% to 104.14, but remained near a two-month high of 104.44 reached on Aug. 25. The index...
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This week, investors' attention in the United States will be directed mainly to the Fed's Beige Book, the trade balance for July and the ISM in services. In Germany, for example, the CPI for August and industrial production for July will be published.

Trade balance in the US

On Wednesday, the trade balance for July will be available in the United States. The market is forecasting...
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Chipmaker Broadcom $AVGO released 3Q results. Earnings came in above expectations, while revenue failed to surprise. Investors were disappointed by the 4Q outlook, expecting it to be higher due to AI.

Results

Semiconductor Solutions revenue was $6.94 billion, versus analyst estimates of $6.87 billion, and $6.62 billion a year ago.

Software infrastructure revenue was $1.94 billion,...
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